Thursday, January 26, 2023 2:11:40 AM
upfront payment followed by two separate future payment tranches. The first tranche is
preliminarily scheduled for one year after the closing and the second tranche payment nine
months after the first tranche payment. Funding for the closing of the Agreement is underway."
"The Company has
been pursuing is a potential collaboration with another company that would improve both
companies’ revenue and profits."
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